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20130129
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determined? >> reporter: there's an education asset protection work sheet that details the amount. let's say the older parent is 50 years old. the couple can shield $40,900, including education fund assets like 529 plans. if parents have more than that, the surplus is assessed at a rate of 5.64%. so, again, if our parents saved $60,000 for college, their expected contribution for a year of college is about $1100. what's the lesson here? saving sixty grand might have meant they missed out on loans or financial support, they didn't really get whacked that hard for saving it. i want to underscore saving for college is important. it's hard to qualify for aid, loans are expensive. on moneywatch.com we have everything you need to know about college loans, the landscape is changing, kids graduating with debt, almost a trillion dollars in education debt right now. >> when in doubt, give it a try. if you get denied, you get denied. >> reporter: just filling out the form increases the likelihood you'll get it. you know the answer if you don't fill it out. >>
. >> it is a way to educate the young about the past civil rights strag rights -- struggles. and elissa harrington is there with more about how they can learn to ride the ride. >> reporter: this freedom train is to honor the birthday of martin luther king and leaves the station at 9:30. this is the 27th year that the mlk association of santa clara valley has organized this ride from san jose to san francisco. it commemorates his march from selma alabama to the dap toll of montgomery in 1965 and covers 54 miles. this is the longest running freedom train in the united states and the rides were brought about my king's wife. the freedom train today has four stops. again, it will leave san jose at 9:30 and will stop three times along the peninsula in sunnyvale, palo alto and san mateo. round trip tickets are $10 you are advised to come early because lines can get long. live in san jose, elissa harrington. cbs 5. >>> a march and parade will proceed from the caltrains depot. that will be followed by an interface commemoration ceremony. and also in san fran
address yesterday. he promised continued education reform holding the line on college tuition and pushing the high-speed rail project through. but at the end of the day the address was mostly about one thing. >> living within our means and not spending what we don't have. the people have given us 7 years of extra taxes. let us follow the wisdom of joseph, pay down our debts and store up reserves against the leaner times that will surely follow. >> well, brown's speech was upbeat. he faces a fight even within his own democratic party. some of his proposals including a plan to fund poorer schools at the expense of wealthier suburban districts. >>> vice president joe biden is on the road today to rally support for the administration's gun control proposals. he is going to start in virginia and hold a discussion with people who work on gun safety following the shooting at virginia tech. meanwhile senator dianne feinstein announced her bill yesterday that would eliminate high capacity magazines and ban assault weapons. the vice president downp
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